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The Warsaw Voice » Business » December 28, 2017
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Budget deficit lower?
December 28, 2017   
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Poland's 2018 budget will be aided by the favorable business cycle in Poland, the euro zone and the US, as well as higher inflation and increasing employment and wages to boost the state treasury and the social insurance fund, PKO BP's economist Marta Petka-Zagajewska tells the daily Rzeczpospolita.
The end-2018 budget deficit might be lower than expected, she adds. Poland's budget will record a ca. PLN 28 billion deficit at end-2018, PLN 13.5 billion short of assumptions specified in the budget bill, ING BSK's economist Karol Pogorzelski predicts.
Real budget concerns will only come in 2019, Pekao's chief economist Marcin Mrowiec claims. Still, the budget has already consumed most of the VAT revenues, as well as revenues from the central bank, Mrowiec adds.
The lowering of the retirement age, whose full costs will be known in 2018, will certainly be a burden to the budget, Bank Pocztowy's chief economist Monika Kurtek says.
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